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Tag Archives: stock market

Scott Minerd again. Calls stock market “Titanic heading for an iceberg.” You gotta buy.

Guggeheim Partners' Scott Minerd says the stock market is like "the Titanic heading for an iceberg."Look... “Just as an iceberg loomed in the distant darkness to be struck by the Titanic under full steam, so the US economy approaches the distant fiscal drag of 2020 under the full steam of rate increases to contain inflation and an overheating labor market...” He's got a flowery way with words.Fiscal drag? What fiscal drag is he talking about? The government is operating with record...

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Never mind Greece, look at China

While all eyes are focused on Greece, there is a potentially far more important crash going on.Via Sober Look comes this pair of charts:China's stock market is crashing. It's very evidently a bubble bursting. The question is, what will be the knock-on effect to the Chinese economy, and indeed to the whole of South East Asia, Brutal sell-offs of this kind are rarely without economic cost, especially when the bubble is debt financed (as this one is). I can't see this ending well.Related...

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